pk
Level 15
Level 15

Investors & landlords

@idl1i31 ,  

In such a case , I would not enter the  figures from the  1098 from the lender  and the tax statement.  ( There used to be  a percentage ownership column for Schedule  E worksheet that allowed   he expenses to be allocated based on  ownership percentage.  But that also had its limitations.  And needed careful  checking and editing to get the correct  figures.

I would instead forget the  automatic allocation and instead enter the actual allocations directly.  This way there will be no doubling of the total.  However I will keep the records on how I came to those figures.

Another way  is to attach backup/ " more information" sheets  -- hover over an entry  in the forms mode , select the  magnifying glass symbol -- now here detail how  took the total and allocated the amount.  Only the final figure/calculated figure would show on the form --- but you will have a record of how you  came to these figures.

Hope this helps.

Is there more I can do for you